Almost 58% of long term care claims submitted to UnumProvident Corp. are for people under age 65, the company says.
That’s true for both group and individual LTC policies, according to a profile of claims activity that UnumProvident, Chattanooga, Tenn., recently released.
In 2005, the company says it handled more than 3,000 group and individual LTC claims and expects to process 4,000 in 2006.
Its analysis of internal data on group LTC showed the top claim triggers for under-65s were cancer (30%) and stroke (more than 10%). Additional leading causes of claims were neurological disease, dementia and multiple sclerosis, each accounting for less than 5% of claims.
A company spokeswoman says comparisons with claims submitted five years ago showed some striking differences.
Cancer and neurological disease were the top two triggers of claims by those under age 65 in 2001, while dementia, stroke and injuries followed in that order, reports the spokesperson, Jessica L. Stone.